>>20707341They are getting revised down but the numbers are still good overall. Overall, the jobs market is good, the economy ain't hurting, wages have improved drastically in the US, and house prices keep going up. This means that the upper middle class and above are enjoying a GOD TIER time and that drives the markets.
What the lower classes do or don't do matters not for the stock markets. As long as we keep seeing this insane growth and record earnings and insane advancements in tech, we ain't going down.
There is simply nothing bearish on the horizon. There is nothing "bad enough" to warrant cashing out from the markets. It is safer and smarter to simply keep investing and keep pushing it.
Sure, if the FED was to really bring the hammer down, it might spook the markets. Or if unemployment suddenly spiked like crazy. Or if house prices were to crash. But we are seeing a relatively stable economy and record profits.
I don't understand why anyone would short this market
